THELOGICALINDIAN - The clandestine labeled cyberbanking and cyberbanking solutions provider for nonbanking entities Bancorp has forayed into blockchain technology In adjustment to actualize newage cyberbanking technology solutions for its barter the aggregation has appear the barrage of Cube8 Innovation Lab
Cube8 will be a fintech addition and development flat committed to exploring and implementing anarchistic and abolitionist account in banking technology. The company, in a contempo columnist release, has declared that the ambition of Cube8 is to actualize new opportunities for Bancorp. The technology developed by Cube8 will be captivated by the parent, Bancorp to added strengthen its absolute business strategies and operational efficiencies. This will additionally potentially actualize added acquirement streams.
Cube8 Innovation Lab will initially focus on agenda lending, agenda payments, blockchain and adaptable payments applications. The columnist absolution additionally states the achievability of the lab alive forth with added companies forth the aforementioned curve to apprehend the abounding abeyant of applications beneath development.
In a statement, the Chief Innovation Officer of Bancorp, Pete Chiccino says,
“Cube8 is the abutting analytic footfall for The Bancorp with account to innovations. While the Bancorp has consistently invested in addition aural out assorted business lines, we are now authoritative it a committed antecedence for the all-embracing organization.”
In accession to blockchain and cyberbanking technology, Cube8 labs will additionally focus on the authoritative aspects of cyberbanking and cyberbanking services. It has appear that the addition flat will be alive on convalescent the ability in accomplishing and acquiescence of requirements surrounding the AML, KYC, and Bank Secrecy Act.
The Bancorp has been actively complex in announcement advancements in fintech sector. It has been a accomplice in assorted industry contest in the past. The added absorption in fintech comes at the time back the cyberbanking area is more alive in accord with fintech startups and added companies to advance their absolute infrastructure.
